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Though it's been much lambasted by investors, I think it's inevitable that the US will begin down the same path China has recently with their tech companies. I
by adam_arthur 5y ago
Though it's been much lambasted by investors, I think it's inevitable that the US will begin down the same path China has recently with their tech companies.
It's pretty easy to see that FAANG-esque companies are totally dominant at this point, and have many pseudo-monopolistic elements about them.
Beyond specific names, there is a vast difference in both the scale, and the "ecosystem" or "platform" nature in modern software that effectively invalidates the applicability of anti-trust law as it is written.
Going even further, many laws protecting private companies likely will change in the coming years to account for different paradigm that software brings. Sometimes difference in scale is also difference in nature.
If you look into the aims of a lot of China's recent regulations, they are actually setup to create a competitive market, rather than have a few tech companies become dominant. Competition is ultimately good for the public, as it leads to lower costs to the consumer, and more incentive to innovate (once entrenched).
I don't suggest we go to the
same extremes, but it's inevitable we'll start heading down that path, whether it be the next few years, or decades.